SPI Energy Co Ltd reports results for the quarter ended in September - Earnings Summary

SPI Energy Co

20/11/2023 23:48

* SPI Energy Co Ltd  SPI.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -41 cents.  The lone analyst forecast for the
quarter was for earnings of 2 cents per share. 
    * Revenue rose 29.4% to $55.93 million from a year ago;
analysts
expected $65.50 million. 
    * SPI Energy Co Ltd's reported EPS for the quarter was a
loss of 6
cents​.
    * The company reported a quarterly loss of $2 million.
    * SPI Energy Co Ltd shares had fallen by 8.5% this
quarter and
lost 14.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 92.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "buy"

Wall Street's median 12-month price target for SPI Energy Co Ltd
is $3.00 
This summary was machine generated from LSEG data November 20 at
11:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.02           -0.10          Missed
 Jun. 30 2023      0.00           -0.08          Missed
 Mar. 31 2023      -0.14          -0.31          Missed
 Dec. 31 2022      -0.32          -0.47          Missed